Civic Intelligence

Nexttech Ohio

990EZ • Fiscal year 2020 • EIN 83-0581301

Jan 01, 2020 to Dec 31, 2020 • Filed on May 19, 2021

6701 Carnegie AvenueCleveland, OH 44103

(216) 363-3400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-94%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$963

Down $1,642,034 (-100%) from 2019

Net Assets

Up

$963

Up $105,955 (+101%) from 2019

Liabilities

Down

$0

Down $1,747,989 (-100%) from 2019

Revenue

Down

$106,040

Down $1,787,930 (-94%) from 2019

Expenses

Down

$85

Down $1,998,877 (-100%) from 2019

Net Income

Up

$105,955

Up $210,947 (+201%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2019: $1,642,997Liabilities 2019: $1,747,989Net Assets 2019: -$104,9922019Assets 2020: $963Liabilities 2020: $0Net Assets 2020: $9632020Assets 2021: $963Liabilities 2021: $0Net Assets 2021: $9632021

Highlighted filing

2020

Assets$963
Liabilities$0
Net Assets$963

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2019: $1,893,970Expenses 2019: $1,998,962Net Income 2019: -$104,9922019Revenue 2020: $106,040Expenses 2020: $85Net Income 2020: $105,9552020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021

Highlighted filing

2020

Revenue$106,040
Expenses$85
Net Income$105,955
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 19, 2021
Return Version
2020v4.1
Gross Receipts
$106,040
Mission and Program Overview

Mission

NextTech Ohio unlocks the full potential of diverse and ambitious entrepreneurs to economically transform entire communities.

Program Services

DescriptionGrantsExpenses
NextTech Ohio's sole program in calendar 2019 was named the Northwest Ohio Entrepreneurial Services Program.NextTech Ohio completed its one-year grant work as the Northwest Ohio lead applicant to the Ohio Third Frontier for calendar 2019 for the Toledo region's technology entrepreneurship initiative. In 2020, NextTech Ohio completed all residual transactions with vendors$0$85
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin HammerlingDirector-$0--
Mike OgawaDirector-$0--
Matt SaparaDirector-$0--
Jeanne CoughlinDirector-$0--
Frank CalzonettiChairman-$0--
Filing and Contact Details

Filer

Filer Name
Nexttech Ohio
EIN
83-0581301
Phone
2163633400
Address
6701 Carnegie Avenue, Cleveland, OH 44103

Signing Officer

Name
Frank Calzonetti
Title
Chairman
Phone
2163633400
Signed
2021-05-19
Discuss with paid preparer
Yes

Preparer

Firm
Team NEO
Address
1111 Superior Ave E Ste 1600, Cleveland, OH 44114
Preparer
Jackie Fairbanks
Phone
2163635432
Supplemental Narrative

Additional Explanations

Other

Con't of Part III, Line 28 and its four collaborators -- University of Toledo, ProMedica Innovations, Mercy Health, and Bowling Green State University, whom it worked closely with providing services to emerging technology businesses in Northwest Ohio. In 2020, the work NextTech Ohio performed assisting entrepreneurs in Northwest Ohio was transitioned to another organization. The board of directors determined NextTech Ohio should remain dormant for calendar 2020 and beyond as it may assume economic development activity in the future.

Form 990EZ, Part I, Line 8

Fee for Service 3667.

Form 990EZ, Part I, Line 8

Reversal of incentive accruals 102373.

Form 990EZ, Part I, Line 16

IT expense 85.

Raw XML Appendix174 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt085
IRS990EZ/OtherRevenueTotalAmt0106040
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramServiceRevenueAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Con't of Part III, Line 28 and its four collaborators -- University of Toledo, ProMedica Innovations, Mercy Health, and Bowling Green State University, whom it worked closely with providing services to emerging technology businesses in Northwest Ohio. In 2020, the work NextTech Ohio performed assisting entrepreneurs in Northwest Ohio was transitioned to another organization. The board of directors determined NextTech Ohio should remain dormant for calendar 2020 and beyond as it may assume economic development activity in the future.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Fee for Service 3667.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reversal of incentive accruals 102373.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT expense 85.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 8
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/EIN0830581301
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ReturnHeader/PreparerPersonGrp/PhoneNum02163635432
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jackie Fairbanks
ReturnHeader/ReturnTs02021-05-20T11:09:10-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Frank
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Calzonetti
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits